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Merchants call on Fed to cut debit card swipe fees

Mass Relators

WASHINGTON – The Merchants Payments Coalition on Tuesday called for the Federal Reserve to revise debit card swipe fee rules to reflect lower bank costs. The swipe fee regulations were adopted a decade ago, and a new Fed report shows that banks’ average cost of processing the transactions has since fallen by half.

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8 Things You Need to Know About Block (Formerly Known as Square)

Indigo 9 Digital

First there was Square which was founded in 2009. Cash App started allowing users to make purchases in Bitcoin in 2018, making Cash App one the first mainstream payment apps to do so. Following the acquisition merchants using Square are able to offer BNPL to their customers. Then Block added Cash App in 2013. from last year.